Internal Controls and Control Objectives
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Questions and Answers

What do auditors use to provide assurance that management's actions are aligned with the enterprise's mission?

  • Market analysis and competitor benchmarking
  • Internal controls and control objectives (correct)
  • Financial statements and balance sheets
  • Risk management and compliance programs

    • Which tools are part of the control environment for ensuring management's alignment with the enterprise's mission?

  • Human resource policies and procedures
  • Product development and innovation strategies
  • Customer service and sales techniques
  • Internal controls and control objectives (correct)

    • What is the primary role of auditors in relation to the enterprise's mission and goals?

  • To develop marketing strategies for the enterprise
  • To manage and implement the enterprise's mission
  • To set financial goals for the enterprise
  • To provide assurance that management's actions are in line with the mission (correct)

    • What is the primary purpose of internal controls?

    <p>To ensure that necessary actions are taken to address risk</p> Signup and view all the answers

    What do control activities include?

    <p>Reviews of operating performance and security of assets</p> Signup and view all the answers

    What is the purpose of segregation of duties within an enterprise?

    <p>To separate duties to prevent any single individual from having too much control over a process</p> Signup and view all the answers

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